TRANSDATA is utilized in a broad variety of settings, supporting many organizational missions. Listed below are but a few sample use-cases describing how our clients effectively implemented the solution to solve specific objectives.
Creating Depreciation Schedules from Asset Registries is an art of its own. Lacking a dedicated accounting system, accountants find themselves spending an inordinate amount of time wrestling with spreadsheets, or consuming costly IT resources for custom programing purposes.
Luckily, TRANSDATA can create a full depreciation schedule from asset registers (often with just a few clicks), depreciating each asset to the fullest extent in a timely manner, so that journal entries can be made for each asset and time period. Additionally, depreciation amounts may be consolidated allowing a summarized view of depreciation for all time periods, saving time and conserving resources.
Proper Profitability Forecasting is based on your company’s operations, financial results over the past few years, position in the marketplace, and inherent market characteristics. Enterprise Resource Planning (ERP) systems generate layered, complex data creating forecasting challenges.
TRANSDATA helps facilitate models that drive more accurate Revenue, Expense, and Cash forecasting, incorporating company-unique mechanisms and drivers such as Staff Rosters, Trended Costs, Geographic Sensitivities, and Hiring, resulting in a unified method suited for the organization’s unique forecasting needs. Additionally, TRANSDATA will help your organization overcome shortcomings which may be present in its Enterprise Performance Management (EPM) application.
When processing the consolidation of a General Ledger needed for Financial Statement generation, various complications may emerge. Challenges include incorporating General Ledgers from multiple accounting systems, using differing charts of accounts and several currencies, along with performing allocations. Typical constraints include being limited to running a single formula at a time, one variable/statistical account per calculation, pre-calculation and preloading of accounts prior to allocation. Often times only one target account/parent account and only one offset account/parent are allowed, limiting the ability to choose different account code combinations or a set of account codes, causing the chart of accounts to expand unnecessarily and creating a needless burden.
TRANSDATA works with multiple formulae, performing allocation calculations simultaneously. The statistical account calculation occurs within the allocation design itself, with no extra step of pre-calculating and pre-loading needed. Additionally, TRANSDATA works with factors such as alternate currency rates, resource optimization, numeric targeting, and historic trending, as well as complicated approaches such as multi-driver allocations, historic weights, chargebacks, and the like.